From Nasdaq

May 23, 2025 7:00 AM:

Bitcoin has surged past $100,000, hitting a new high of $111,000, while Coinbase Global officially joined the S&P 500. Critics are concerned about the mainstream adoption of crypto, fearing potential disasters like the 2008 financial crisis. However, supporters see crypto as a savior for traditional finance, with Coinbase leading the charge in innovation and regulation.

Coinbase’s addition to the S&P 500 signals a shift towards blockchain finance, replacing a traditional finance stock. Concerns arise over the indirect exposure to crypto risk for millions of Americans through index trackers. Despite warnings of potential catastrophes, the genesis of Bitcoin and the growth of the crypto industry offer a positive outlook on Coinbase and the future of finance.

Tech innovation drives value creation, positioning Coinbase as a key player in the crypto industry. As crypto gains mainstream acceptance, investing in companies like Coinbase provides exposure to the growing market in a regulated manner. Amid concerns about risks, the potential for growth and innovation in the crypto sector presents exciting opportunities for investors.

Read more at Nasdaq: Crypto Joins the S&P 500. Here’s What the Critics Are Saying